Japan's leverage caps could hamper volumes
TOKYO - Japanese retail foreign exchange brokers have raised concerns that margin-trading volumes could contract by 50% from current levels if regulators proceed with plans to cap leverage, according to research by JP Morgan.
The Japanese Financial Services Agency (FSA) sent out a request for comments on May 29 about plans to introduce a 1:25 cap on leverage, as part of efforts to limit retail FX trading losses (FX Week, April 27). Responses to the proposed rules are due by June 29. The rules
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